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Nigeria puts squeeze on oil majors as upends deals

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Nigeria's President Muhammadu Buhari has boosted the percent the country gets in deals with foreign oil firms.  By Phill Magakoe (AFP) Nigeria's President Muhammadu Buhari on Monday signed a measure to change the country's agreements with multinational oil companies to significantly increase the share of offshore oil revenue it takes. This afternoon I assented to the bill amending the Deep Offshore (and Inland Basin Production Sharing Contract) Act, Buhari said in a statement ...

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